CALGARY, ALBERTA--(Marketwired - May 6, 2015) - LONG RUN EXPLORATION LTD. (TSX:LRE) ("Long Run" or the "Company") announces financial and operational results for the first quarter of 2015. The first quarter of 2015 has proven to be the most challenging in Long Run's brief history. In 2014, we made two strategic acquisitions in the Alberta Deep Basin which strengthened our asset portfolio. Our decision to utilize our balance sheet in these transactions combined with subsequent lower oil [Read more]
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BlackPearl Announces First Quarter 2015 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 6, 2015) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce its financial and operating results for the three months ended March 31, 2015. Highlights include: Construction of the 6,000 barrels per day first phase of the Onion Lake thermal project is complete and commissioning of the facilities has begun, the project was ahead of schedule and within budget; At Blackrod, the pilot results from the [Read more]
Raging River Exploration Inc. Announces First Quarter Operating and Financial Results and Expanded 2015 Budget
CALGARY, ALBERTA--(Marketwired - May 6, 2015) - Raging River Exploration Inc. (the "Company" or "Raging River") (TSX:RRX) announces its operating and financial results for the three months ended March 31, 2015. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited interim financial statements and the related management, discussion and analysis ("MD&A"). These filings will be available at www.sedar.com and the Company's website [Read more]
Enbridge CEO Puts Focus on Building for Tomorrow
CALGARY, ALBERTA--(Marketwired - May 6, 2015) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) Canada and North America have a significant global advantage and tremendous opportunity with respect to energy, but face a challenge in building the connectivity needed to keep pace with energy development, Enbridge Inc. President and CEO Al Monaco told shareholders at the Company's annual general meeting held in Toronto today. Mr. Monaco spoke about what he sees as a critical issue facing the industry - an [Read more]
Peyto Reports Q1 2015 Results and Improves Low Cost Advantage
CALGARY, ALBERTA--(Marketwired - May 6, 2015) - Peyto Exploration & Development Corp. (TSX:PEY) ("Peyto" or the "Company") is pleased to present its operating and financial results for the first quarter of the 2015 fiscal year. Record low cash costs and improvements in capital efficiency combined for a 79% operating margin (1) and a 24% profit margin (2). Additional highlights included: Production per share up 13%. First quarter 2015 production increased 13% from 433 MMcfe/d (72,209 [Read more]
Whitecap Resources Inc. Announces First Quarter 2015 Results
CALGARY, May 6, 2015 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three months ended March 31, 2015. Whitecap's unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") are available at www.sedar.com and on our website at www.wcap.ca. FINANCIAL AND OPERATING HIGHLIGHTS Three months ended March [Read more]
B.C. First Nation rejects more than $1B in first stage of vote over LNG proposal
PORT SIMPSON, B.C. - The first of three votes on a natural gas benefit offer worth over $1 billion has been unanimously rejected by a First Nation on British Columbia's northwest coast.All of the more than 180 eligible voters at a meeting in Port Simpson stood up to oppose the plan to build a liquefied-natural-gas pipeline and terminal in their territory, said Lax Kw'alaams band member Malcolm Sampson.Pacific NorthWest LNG, which is mostly owned by Malaysia-based oil and gas giant Petronas, has [Read more]
Veresen Announces 2015 First Quarter Results and Updated Guidance
CALGARY, ALBERTA--(Marketwired - May 6, 2015) - Veresen Inc. ("Veresen" or the "Company") (TSX:VSN) announced today financial and operating results for the three months ended March 31, 2015. Highlights Distributable cash(1) of $81.2 million ($0.28 per Common Share) compared to $65.6 million ($0.33 per Common Share) in the first quarter of 2014. Adjusted net income attributable to Common Shares(1) of $26.3 million ($0.09 per Common Share) compared to $24.3 million ($0.12 per Common [Read more]
Alberta green groups expecting much from Rachel Notley’s NDP government
EDMONTON - Green groups expect much from the New Democrats who painted Alberta orange in the provincial election Tuesday."There's been a commitment for Alberta to be a leader in protecting our environment and we're very much looking forward to follow-through," said Carolyn Campbell of the Alberta Wilderness Association.Premier-designate Rachel Notley spoke often on environmental issues when she was in opposition and environmentalists say they'll hold her to those positions.In her first news [Read more]
New Brunswick premier to seek Notley’s support for proposed Energy East pipeline
FREDERICTON - New Brunswick Premier Brian Gallant says he wants to talk to the new premier of Alberta and seek her support of the proposed Energy East pipeline.The NDP's Rachel Notley will become premier after her party defeated the Tories in Tuesday's vote to form a majority government after capturing 53 of the 87 seats in the legislature.Gallant says he didn't see anything during the Alberta election campaign to suggest Notley wouldn't support the pipeline project, but he wants to stress the [Read more]